Latest News in Home Insurance – March 24, 2011
U.S. P/C Insurers? Results for 2010 Get ?Mixed Review? from A.M. Best The U.S. property/casualty insurance industry?s financial results for 2010 represented a mixed bag, with some good results and some that are of concern, according to a leading rating organization. A.M. Best Co. reported that property/casualty insurers? policyholders surplus increased nine … Proudlove Named [...]
Latest News in Home Insurance – Feb 28, 2011
Hiscox Posts Good Earnings, Despite a ?Difficult Year? International insurer Hiscox Ltd, which operates in the London/Lloyd’s market, Guernsey and the U.S., posted lower full year profits than its 2009 results, but still did remarkably well in a difficult year. The Group’s earnings bulletin described it as a … Ritchie to Head New Argo Int?l. [...]
Latest News in Home Insurance – Feb 23, 2011
AIG Names Werner to Head Investor Relations American International Group Inc. announced that Elizabeth Werner has been named vice president and head of Investor Relations. She reports to Brian T. Schreiber, executive vice president, Treasury and Capital Markets. Werner was previously a director at Bank of America … Next for IBM?s Watson: Insurance Jobs in [...]
Latest News in Home Insurance – Feb 17, 2011
Allstate Sues JPMorgan Over Mortgage Securities Losses Allstate Corp. sued JPMorgan Chase & Co. on Wednesday to recover losses after the bank allegedly misrepresented the risks on more than $757 million of mortgage securities the insurer bought. The lawsuit against the second-largest U.S. bank was filed just … Monitor Liability Managers Introduces Social Media Endorsement [...]
Latest News in Home Insurance – Feb 08, 2011
Aspen Posts 34% Drop in Net Income for 2010 at $312.7 Million; Q4 $92.7 Million Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the fourth quarter of 2010 of $92.7 million and operating earnings of $1.02 per diluted ordinary share. Book value per share on a diluted basis of $38.90 increased by [...]
Latest News in Home Insurance – Jan 26, 2011
Investors Accuse Bank of America?s Countrywide of Massive Fraud Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a “massive fraud” when they bought mortgage-backed securities. The lawsuit was filed on Monday in a New York state court by 12 plaintiffs … Poll Finds Americans Oppose Defunding [...]
Latest News in Home Insurance – Jan 18, 2010
William Palumbo Insurance Agency Forms Construction Divison William Palumbo Insurance Agency, Inc. has formed a new division called Palumbo Construction Risk. The new division will have expanded resources tailor made to the unique exposures and servicing needs of companies within the construction industry. The focus of the … Chartis Launches Hospitality Industry Coverage Enhancements Chartis [...]
Latest News in Home Insurance – Jan 10, 2011
Irwin Siegel Agency Opens Office in Oregon Rock Hill, N.Y.-based Irwin Siegel Agency Inc. (ISA) has opened a new office facility located in Oregon. For ISA, a national insurance and risk management provider, the new office space serves to … Conifer Holdings Acquires Mid-Continent Insurance Co. Michigan-based insurance holding company Conifer Holdings (Conifer) announced the [...]
Latest News in Home Insurance – Jan 06, 2011
Woodruff-Sawyer Names Stygar Account Manager San Francisco-based Woodruff-Sawyer & Co.,an independent insurance broker, has named Ann Stygar an account manager, Employee Benefits in the company's North Bay Office. She will assist clients … One Risk Group Names Sweeney VP Pleasanton, Calif.-based One Risk Group LLC, a Bay Area property and casualty insurance brokerage, has hired [...]
Latest News in Home Insurance – Dec 07, 2010
AAIS to File Revised, Expanded Commercial Umbrella Program The American Association of Insurance Services (AAIS) is initiating a countrywide filing of a revised, expanded commercial umbrella program. The program's policy forms will be filed with a … Fireman’s Fund Expands Green Credit For Oregon Homeowners Fireman's Fund Insurance Co., the nation's first provider of green [...]
